SPDR Gold Trust
GLD
1,075 hedge funds and large institutions have $14.9B invested in SPDR Gold Trust in 2018 Q1 according to their latest regulatory filings, with 122 funds opening new positions, 370 increasing their positions, 314 reducing their positions, and 68 closing their positions.
79% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 68
75% more call options, than puts
Call options by funds: $10.9B | Put options by funds: $6.19B
28% more funds holding in top 10
Funds holding in top 10: 69 → 88 (+19)
18% more repeat investments, than reductions
Existing positions increased: 370 | Existing positions reduced: 314
6% more capital invested
Capital invested by funds: $14B → $14.9B (+$912M)
4% more funds holding
Funds holding: 1,030 → 1,075 (+45)
1.35% more ownership
Funds ownership: 39.96% → 41.31% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$710M |
| 2 |
Barclays
London,
United Kingdom
|
+$433M |
| 3 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$152M |
| 4 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$143M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$121M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$562M |
| 2 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$233M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$231M |
| 4 |
JP Morgan Chase
New York
|
-$176M |
| 5 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$120M |
GLD Hedge Fund Activity: Q1 2018 in Review
1,075 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in SPDR Gold Trust (GLD) for Q1 2018, worth a combined $14.9B — up 6.5% from $14B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new GLD positions and 68 closed out — a net gain of 54 holders — while 370 added to existing stakes and 314 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $710M. The largest seller was BlackRock, cutting an estimated $562M.
- 1,075 institutional investors held SPDR Gold Trust (GLD) as of Q1 2018, up from 1,030 in Q4 2017.
- Funds reported $14.9B of SPDR Gold Trust stock for Q1 2018, up 6.5% quarter-over-quarter.
- 122 funds opened new SPDR Gold Trust positions in Q1 2018 and 68 closed out, a net change of +54 holders.
- The largest SPDR Gold Trust buyer in Q1 2018 was Morgan Stanley, an estimated $710M added.
- The largest SPDR Gold Trust seller in Q1 2018 was BlackRock, an estimated $562M sold.
Based on aggregated 13F filings for Q1 2018.